Longview, WA - Local Housing Data - Summary

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Longview, WA Local News

New Home Prices Climb in Longview According to Newest Data, Sales Steady

Posted on: Jul 06, 2014 07:21:41 AM

Closings of new homes in the Longview, WA market saw no change year-over-year in April, staying level after a year-over-year increase in March from a year earlier. Closings remained level at 3 from a year earlier after the figure moved from 1 in March 2013 to 4 in March 2014.

A total of 50 new homes were sold during the 12 months that ended in April, equal to the number of new homes sold for the year that ended in March.

3 of the 153 total closings were new home closings, a shift on a percentage basis from 3 out of 142 a year earlier. Following a decline in March year-over-year, closings of new and existing homes jumped year-over-year in April.

Pricing and Mortgage Trends

The average new home price was $269,058, up from $195,655 a year earlier. This came after a 20.3% fall in March from a year earlier.

Average mortgage size on new homes rose from $165,000 to $233,383. Average mortgage size on new homes went from $278,111 in March 2013 to $232,600 in March 2014.

 
 
 

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